… The Namibian reported in 2023 that Miguel’s father, Mathews Hamutenya, co-owns Validus Energy with Vitol SA. …
Nasan Energies appeals fuel sourcing ban after acquiring 52 service stationsNamibia Minute.
Monday, 11 May 2026
Namibia’s news, on the hour · Est. 2026
Monday, 11 May 2026
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Organization
Validus Energy
In coverage
Verbatim sentences from the source article.
- April 2026
- March 2026
… To date, only one local company, Validus Energy, has used its storage capacity. However, even that engagement has been temporary. …
Namibia’s energy buffer amid uncertain times … national oil storage more than oil depot… Millennium has a partnership with the Vitol group through a venture called Validus Energy. …
Hamutenya’s Nasan wins approval to acquire 53 service stations… However, officials acknowledge that access to the facility has so far been limited, with only one local company, Validus Energy, having used its storage capacity. …
Oil storage fee shake up … new NOSF pricing structure to empower local fuel businesses… The chairperson of the forum’s advisory board is Miguel Hamutenya who simultaneously serves as: • chief executive officer of Millennium Investment Holdings• regional executive manager of Validus Energy• co-founder and director of Nasan Energies In June 2025, a Namibia Youth Energ …
Panduleni Itula at Windhoek Media Briefing on Petroleum Amendment Bill- February 2026
… Millennium has a partnership with the Vitol group through a venture called Validus Energy. …
Nandi-Ndaitwah’s sons reject IPC claims of oil industry involvement… He argued that NYEF’s advisory board chairperson, Miguel Hamutenya, simultaneously serves as the CEO of Millennium Investment Holdings, the entity that owns 30% of Validus Energy. …
NNN dares Itula … IPC holds 3rd oil presser in Feb… Millennium has a partnership with the Vitol group through a venture called Validus Energy. …
Nasan Energies merger with Vivo Energy stations raises monopoly concerns in Namibia- November 2023
… That oil belonged to businessman Mathew Hamutenya’s company, Validus Energy. He denies this was a factor in his resignation. …
Mulunga’s right-hand man resigns from Namcor- March 2023
… Hamutenya co-owns a company called Validus Energy with Vitol SA, a Swiss company which offered to pay the Namibian government US$1 (about N$11,70) per year to rent the N$7 billion state-owned fuel storage facility at Walvis Bay for 10 years. …
Namcor’s power struggle exposes suspicious deals
Business
Nasan Energies appeals five-year fuel sourcing ban from Vitol
The News
The Namibian Competition Commission approved Nasan Energies' acquisition of 52 service stations but barred the company from sourcing fuel from Vitol for five years to prevent monopoly concentration. Nasan has appealed the restriction and notified the energy minister of its intention to seek a review of the commission's conditions.
2 April 2026 · The Namibian →
Thursday 2 April
Nasan Energies appeals five-year fuel sourcing ban from Vitol
The Namibian Competition Commission approved Nasan Energies' acquisition of 52 service stations but barred the company from sourcing fuel from Vitol for five years to prevent monopoly concentration. Nasan has appealed the restriction and notified the energy minister of its intention to seek a review of the commission's conditions.
2 April 2026 · The Namibian →
Friday 27 March
NOSF enters new phase with market-based fees, wider access
Namibia's National Oil Storage Facility, a N$6.5 billion investment in Walvis Bay designed to hold 75 million litres of fuel, is undergoing policy reforms to establish market-related tariffs and attract local entrepreneurs to its storage capacity. The facility aims to balance its role as a strategic energy buffer against global supply disruptions with expanded commercial participation and improved operational sustainability.
27 March 2026 · New Era →
Thursday 19 March
Nasan Energies approved to buy 53 service stations from Vivo Energy
The Namibian Competition Commission has approved Nasan Energies, co-founded by Miguel Hamutenya, to acquire 53 service stations from Vivo Energy/Engen. The approval comes despite earlier objections over potential monopoly concerns related to possible ties between Nasan and Vitol, Vivo Energy's parent company.
19 March 2026 · The Namibian →
Tuesday 17 March
Government reviews NOSF fuel storage fees to boost local participation
The Ministry of Industries, Mines and Energy is reviewing storage fee structures at Namibia's National Oil Storage Facility to establish market-related tariffs and open access to more local entrepreneurs. The facility has received multiple applications from companies seeking to store diesel, petrol, and aviation fuel, but current space constraints may limit simultaneous usage; managers are considering short-term contracts (around 30 days maximum) to ensure fair access and prevent monopolisation by individual operators.
17 March 2026 · New Era →
Monday 2 March
Opposition leader alleges presidential family controls petroleum value chain
Panduleni Itula, leader of the Independent Patriots for Change, presented evidence he says shows the president's family members hold interests across the oil and gas sector—including the president's son operating a diesel distribution business at Lüderitz port and the first gentleman serving as patron of a petroleum industry forum—and called on Parliament to reject a petroleum amendment bill that would transfer licensing authority to the Presidency.
2 March 2026 · The Namibian →
Thursday 26 February
President's sons deny oil industry involvement, reject Itula claims
President Nandi-Ndaitwah's two sons have rejected opposition leader Panduleni Itula's allegations that they are involved in Namibia's oil sector through their private businesses. The brothers, who operate a farming business and a logistics company respectively, issued a detailed rebuttal denying any interest in oil and characterizing Itula's claims as lies intended to discredit the first family.
26 February 2026 · The Namibian →
Wednesday 25 February
President challenges Itula to prove oil sector family links
President Nandi-Ndaitwah has challenged Independent Patriots for Change leader Panduleni Itula to provide empirical evidence linking her family to Namibia's upstream oil sector, reiterating her denial of direct or indirect interests. Itula held his third oil-related press conference in less than three weeks, presenting what he termed documented evidence of a systematic network involving the president's sons and husband across the petroleum value chain, including fuel imports, distribution, and investments.
25 February 2026 · New Era →
Thursday 19 February
Nasan-Vivo merger raises monopoly fears amid Vitol links
The Namibian Competition Commission is investigating whether Nasan Energies' acquisition of 53 service stations from Vivo Energy violates divestiture conditions meant to prevent market dominance, citing alleged connections between Nasan co-founder Miguel Hamutenya and Vitol, Vivo's major shareholder. NaCC preliminary findings warn the deal could result in a combined market share of about 70%, contrary to the regulator's requirement that the buyer be independent with less than 10% market share.
19 February 2026 · The Namibian →